Ryman Hospitality Properties, Inc. $RHP Stock Sold by Hamlin Capital Management LLC

Hamlin Capital Management LLC reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 967,273 shares of the real estate investment trust’s stock after selling 16,945 shares during the quarter. Ryman Hospitality Properties comprises approximately 2.8% of Hamlin Capital Management LLC’s portfolio, making the stock its 19th biggest position. Hamlin Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $115,618,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 236 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth about $43,000. Trust Co. of Vermont acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth about $51,000. Fifth Third Bancorp grew its holdings in shares of Ryman Hospitality Properties by 34.2% during the first quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 219 shares during the last quarter. Finally, Purpose Unlimited Inc. acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $93,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $1.89 during mid-day trading on Thursday, hitting $121.18. The company’s stock had a trading volume of 108,038 shares, compared to its average volume of 608,018. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The firm has a 50-day simple moving average of $124.29 and a 200 day simple moving average of $117.17. The firm has a market capitalization of $7.65 billion, a P/E ratio of 29.66, a P/E/G ratio of 1.85 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. The firm had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.Ryman Hospitality Properties’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.35 earnings per share. Analysts predict that Ryman Hospitality Properties, Inc. will post 9.23 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.0%. Ryman Hospitality Properties’s dividend payout ratio is 117.36%.

Analysts Set New Price Targets

A number of research firms have weighed in on RHP. BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Truist Financial upped their price target on Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Raymond James Financial increased their price target on Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. Citigroup boosted their price objective on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Finally, Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Buy” and a consensus target price of $132.75.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.